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26) York Corp. had 100,000 shares of common stock outstanding on January 1, issued 400,000 shares on July 1, and had income applicable to common stock of $3,500,000 for the year ending December 31, 2021. Earnings per share of common stock for 2021 would be?

27) Colorado Co. had 150,000 shares of stock outstanding on January 1, 2021. On February 1, 2021, Colorado issued 84,000 shares. On July 1, Colorado purchased 8,000 treasury shares, which were reissued on November 1. Compute Colorados weighted-average number of shares outstanding for 2021.

28) Daytona Corp. earned net income of $400,000 in 2021 and had 300,000 shares of common stock outstanding throughout the year. Also outstanding all year was $500,000 of 4% bonds, which are convertible into 40,000 shares of common. Daytonas tax rate is 30%. Compute Daytonas 2021 diluted earnings per share.

29) Dallas Co. had net income for 2021 of $600,000. The average number of shares outstanding for the period was 150,000 shares. The average number of shares under an outstanding option, which had an option price of $20 per share, is 6,000 shares. The average market price of the common stock during the year was $30. What should Dallas Co. report for diluted earnings per share for the year ended 2021?